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Price Recall, Bertrand Paradox and Price Dispersion With Elastic Demand

Carvalho, M. - Tilburg University, Center for Economic Research - 2009

This paper studies the consequence of an imprecise recall of the price by the consumers in the Bertrand price competition model for a homogeneous good. It is shown that firms can exploit this weakness and charge prices above the competitive price. This markup increases for rougher recall of the...

Persistent link: https://www.econbiz.de/10011091443

Extreme Value Theory Approach to Simultaneous Monitoring and Thresholding of Multiple Risk Indicators

Einmahl, John; Li, J.; Liu, R.Y. - Tilburg University, Center for Economic Research - 2006

Risk assessments often encounter extreme settings with very few or no occurrences in reality.Inferences about risk indicators in such settings face the problem of insufficient data.Extreme value theory is particularly well suited for handling this type of problems.This paper uses a multivariate...

Persistent link: https://www.econbiz.de/10011091504

The Impact of Competition on Bank Orientation and Specialization

Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2003

How do banks react to increased interbank competition?Recent banking theory offers conflicting predictions about the impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN LQGXVWU\ specialization.We empirically investigate the...

Persistent link: https://www.econbiz.de/10011090384

Distance, Lending Relationships and Competition

Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2002

A recent string of theoretical papers highlights the importance of geographical distance in explaining pricing and availability of loans to small firms.Lenders located in the vicinity of small firms have significantly lower monitoring and transaction costs, and hence considerable market power if...

Persistent link: https://www.econbiz.de/10011090398

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, Hans; Laeven, L.; Ongena, S. - Tilburg University, Center for Economic Research - 2006

Recent theoretical models argue that a bank's organizational structure reflects its lending technology.A hierarchically organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information.We investigate theoretically and empirically how bank...

Persistent link: https://www.econbiz.de/10011090754

Service Value Chains and Effects of Scale

Nooteboom, B. - Tilburg University, Center for Economic Research - 2007

This paper generalizes Porter’s notion of the value chain for the analysis of service industries. The generalization entails that the flow and the physical transformation and assembly of goods that are characteristic of manufacturing are generalized into flows and transformation of data and...

Persistent link: https://www.econbiz.de/10011090762

Trade, Technology Diffusion and Misallocation : Trade Partner Matters (Replaces CentER DP 2011-125)

Curuk, M. - Tilburg University, Center for Economic Research - 2012

Abstract: This paper suggests that contingent on the productivity level of the trade partner; international trade may … diffusion induced by trade and cross sectoral heterogeneity in productivity distributions, and technology adoption rates leads … to asymmetric pro-competitive effects, which in turn result in misallocation. In this framework trade increases welfare …

Persistent link: https://www.econbiz.de/10011091026

Foreign Bank Entry and Credit Allocation in Emerging Markets

Degryse, Hans; Havrylchyk, O.; Jurzyk, E.; Kozak, S. - Tilburg University, Center for Economic Research - 2009

We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks’ portfolio allocation to borrowers with different...

Persistent link: https://www.econbiz.de/10011091073

Intensity of Competition and Market Structure in the Italian Banking Industry

Giannetti, C. - Tilburg University, Center for Economic Research - 2008

This work tests the predictions of Sutton’s model of independent submarkets for the Italian retail banking industry. In the first part of this paper, I develop a model of endogenous mergers to evidence the relationship between firms’ conduct, market entry and market structure. In the second...

Persistent link: https://www.econbiz.de/10011091138

Rules versus Discretion in Loan Rate Setting

Degryse, Hans; Cerqueiro, G.M.; Ongena, S. - Tilburg University, Center for Economic Research - 2007

We propose a heteroscedastic regression model to identify the determinants of the dispersion in interest rates on loans granted to small and medium sized enterprises. We interpret unexplained deviations as evidence of the banks’ discretionary use of market power in the loan rate setting...

Persistent link: https://www.econbiz.de/10011091370